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Limits and Transparency for Presidential Inaugural Committee Donations

This act introduces new rules for funding presidential inaugural committees. Citizens should be aware that donations from corporations and foreign nationals are prohibited, and individual contributions are capped at $50,000. This aims to increase transparency and limit the influence of large donors on political processes.
Key points
Prohibition of donations from corporations and foreign nationals to inaugural committees.
Individual donations to inaugural committees are limited to $50,000, with future indexing possible.
Mandatory rapid reporting of donations over $1,000 and detailed reporting of all contributions and expenditures after the inauguration.
Prohibition of using donations for personal use unrelated to the inaugural committee's responsibilities.
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Additional Information
Inaugural Fund Integrity Act
Print number: HR 422
Sponsor: Rep. Scanlon, Mary Gay [D-PA-5]
Process start date: 2021-01-21